SR472 million SABIC research unit sets world standards

SR472 million SABIC research unit sets world standards
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SR472 million SABIC research unit sets world standards
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Updated 28 December 2013
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SR472 million SABIC research unit sets world standards

SR472 million SABIC research unit sets world standards

Saudi Basic Industries Corporation (SABIC) is to have one of the highest patent numbers per researcher among major chemical companies, according to a top official.
“We have six researchers for each patent,” said Mohamed Al-Mady, SABIC vice chairman and CEO.
His remarks came as Riyadh Governor Prince Khaled bin Bandar bin Abdulaziz inaugurated the sprawling SABIC Plastics Application Development Center (SPADC) in the presence of a distinguished gathering in the Riyadh Techno Valley at the King Saud University (KSU).
Deputy Governor of Riyadh Prince Turki bin Abdullah bin Abdul Aziz, Prince Faisal bin Turki bin Abdulaziz, Prince Saud bin Abdullah bin Thenayan Al-Saud, chairman of SABIC and the Royal Commission of Jubail and Yanbu, Minister of Commerce and Industry Tawfiq Al-Rabiah, KSU Rector Badran Al-Omar, and Mohamed Al-Mady, SABIC vice chairman and CEO, were present at the event.
The center covers an area of 42,000 square meter, and was built at a cost of SR472 million.
It will house over 200 SABIC scientists, engineers and technicians working in close research and development (R&D) collaborations with customers, academia and industrial research communities within the network of SABIC’s technology and innovation.
“The new facility is a clear indication of a strong and effective partnership between the private and public sectors in the Kingdom,” Prince Saud said in his welcome address.
He said the support of the Riyadh governor at this function bears ample testimony to the government’s keenness on transfer of technology and to pave the way for a knowledge-based economy.
Welcoming the Riyadh governor, the prince thanked him for his support to the event as also his wholehearted support to several other similar events in various parts of Riyadh Province.
Initiated by the Ministry of Petroleum and Mineral Resources with strong support from King Saud University, the new center was only made possible with the backing of the government and its determination to make Saudi Arabia a world leader in petrochemical research, he said.
“SPADC, which aims at fulfilling the needs of customers and collaborating with them to create dependable technical solutions, is the newest among SABIC’s research centers. It comes close on the heels of the recent launch of two research facilities in China and India,” he said.
“Since its inception in 1976 as a national company, SABIC is currently at the forefront of the global petrochemical companies,” he said, adding that SABIC’s strategy is to give priority to the needs of customers.
“So it has invested generously in areas of technical development and transfer of technology to develop a program of independent research to serve several target areas, especially those in industrial, academic and community sectors.”
This is a national effort with the cooperation of important bodies, including the Ministry of Commerce and Industry, said Rector Al-Omar.
“At present, we have 14 companies operating under the Riyadh Techno Valley program,” he added.
In his address, Al-Mady said: “The new center is yet another important step for SABIC to evolve further as an innovation-driven company, besides being an important driver of economic growth within Saudi Arabia’s efforts to become a knowledge-based economy. SPADC’s role will be to introduce innovative plastics solutions to Saudi entrepreneurs, delivering new applications for businesses.”
He added: “Our plans call for further strengthening our innovation footprint. We have just set up a new research facility at the King Abdullah University of Science and Technology (KAUST), and we now have about 2,000 researchers worldwide with the number growing rapidly. These facilities are focused on developing innovation strategies that will help the company deliver strong business results,” Al-Mady said.
“The opening of this world-class facility, after the recent launch of two research facilities in China and India by the SABIC chairman, confirms SABIC as the leading driver of innovation in the Middle East, and establishes SABIC as a strategic partner for industry.”